Analysts Set Zuora Inc (ZUO) PT at $26.40

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Zuora Inc (NYSE:ZUO) has earned a consensus rating of “Buy” from the seven brokerages that are currently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $26.40.

Several equities analysts recently issued reports on ZUO shares. Needham & Company LLC cut their price objective on shares of Zuora from $38.00 to $27.00 and set a “buy” rating on the stock in a report on Friday, November 30th. Morgan Stanley cut their price target on shares of Zuora from $26.00 to $24.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 23rd. Zacks Investment Research reaffirmed a “hold” rating on shares of Zuora in a report on Saturday, January 26th. Finally, FBN Securities assumed coverage on shares of Zuora in a report on Tuesday, October 16th. They issued an “outperform” rating on the stock.

ZUO stock traded up $0.30 during trading on Thursday, hitting $21.64. 1,216,800 shares of the company’s stock traded hands, compared to its average volume of 1,116,313. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.98 and a quick ratio of 1.98. Zuora has a 1 year low of $15.56 and a 1 year high of $37.78.

Zuora (NYSE:ZUO) last issued its quarterly earnings data on Thursday, November 29th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by ($0.04). The business had revenue of $61.60 million for the quarter, compared to analysts’ expectations of $58.96 million. Zuora had a negative net margin of 32.02% and a negative return on equity of 54.38%. Zuora’s revenue for the quarter was up 32.8% compared to the same quarter last year. Sell-side analysts expect that Zuora will post -0.8 EPS for the current year.

In related news, Director Michelangelo Volpi sold 701,570 shares of the business’s stock in a transaction on Wednesday, December 12th. The shares were sold at an average price of $18.75, for a total transaction of $13,154,437.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, President Marc Diouane sold 130,500 shares of the business’s stock in a transaction on Thursday, December 6th. The shares were sold at an average price of $18.03, for a total transaction of $2,352,915.00. The disclosure for this sale can be found here. Insiders have sold 1,222,667 shares of company stock valued at $22,684,804 over the last quarter.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Brown Advisory Inc. lifted its position in Zuora by 11.6% during the third quarter. Brown Advisory Inc. now owns 64,985 shares of the company’s stock valued at $1,502,000 after purchasing an additional 6,741 shares during the period. Frontier Capital Management Co. LLC lifted its position in Zuora by 347.9% during the third quarter. Frontier Capital Management Co. LLC now owns 550,663 shares of the company’s stock valued at $12,726,000 after purchasing an additional 427,730 shares during the period. Travelers Companies Inc. acquired a new position in Zuora during the third quarter valued at $1,332,000. Credit Suisse AG acquired a new position in Zuora during the third quarter valued at $875,000. Finally, First Republic Investment Management Inc. acquired a new position in Zuora during the third quarter valued at $2,007,000. Institutional investors own 22.39% of the company’s stock.

About Zuora

Zuora, Inc provides cloud-based software on a subscription basis that enables companies in various industries to launch, manage, and transform into a subscription business. The company offers Zuora Central platform that acts as an intelligent subscription management hub that automates the subscription order-to-cash process, including quoting, billing, collections, analytics, and revenue recognition.

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Analyst Recommendations for Zuora (NYSE:ZUO)

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